Traffic Sensor Market

Traffic Sensor Market by Type (Inductive Loop, Piezoelectric Sensor, Bending Plate, Image Sensor, Infrared Sensor, Radar Sensor, LiDAR Sensor, Magnetic Sensor, Acoustic Sensor, Thermal Sensor), Technology, Application, and Region (2021-2026)

Report Code: SE 5475 Dec, 2021, by marketsandmarkets.com

[252 Pages Report] The traffic sensor market is estimated to be valued at USD 566 million in 2021 and reach USD 809 million by 2026, at a CAGR of 7.4% between 2021 and 2026.

The growing need for real-time information system, and government initiative to upgrade transport infrastructure are the key factors driving the growth of the market. Likewise, Growth in cycling infrastructure leading to higher adoption of bicycle counting sensors in traffic sensor market are expected to create lucrative opportunities for the players in the traffic sensor market. However, high cost and fulfilment of fundamental requirements for the installation of nonintrusive sensors are expected to restraint market growth.

Traffic Sensor Market

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Impact of Covid-19 on Traffic Sensor market:

The COVID-19 pandemic had impacted the growth of the global traffic sensor market. From a regional point of view, the outbreak of COVID-19 has caused a major setback to the export-oriented economy of countries owing to the shutting down of manufacturing plants in the country. For instance, the automotive industry of Germany is severely affected as most of the automobile trade of the country takes place with China and Italy. All this has impacted the overall traffic equipment adoption across all the countries.

Market Dynamics

Drivers : Rapid urbanization and increasing emphasis on road safety norms

The proportion of the urban population is increasing every day, causing traffic congestion. In 2000, only 46.72 percent of the world's population lived in cities; by 2007, more than half of the world's population (50.14 percent) lived in cities for the first time. Private and professional mobility presents significant challenges in urban areas.  The increasing urbanization and population has been escalating the traffic density levels, making commuting tough for the common masses. Furthermore, as the urban population grows, so will the volume of business within cities and with business partners outside of cities. A higher urban population tends to increase the volume of transportation as business grows. For example, as cities' populations grow, so will traffic as businesses such as e-commerce, postal & logistics, and restaurant aggregator & food delivery companies expand their operations.

Restraints: High cost and fulfillment of fundamental requirements for the installation of nonintrusive sensors

The installation and maintenance of nonintrusive sensors, such as image sensors, microwave sensors, and acoustic sensors, do not have a major impact on road traffic and are associated with severe safety concerns. However, the effectiveness of such sensors depends on facing angles and mounted locations since the sensor requires large vertical and horizontal clearances. Infrared sensors need flat surfaces as roads with slopes and speed bumps may lead to errors. Furthermore, the cost of non-intrusive sensors is high compared to leading in road technologies such as inductive loops that provide detailed traffic flow data measurements. High costs impede widespread distribution and limit the application of non-intrusive sensors in gathering traffic information.

Imaging sensor will have the highest growth in coming years

Image sensor is expected to account the largest share of the overall traffic sensor market by 2026.By image sensor the images are seen from the cameras located beside or upon the road. Moreover, the images seen from the camera located in the vehicle can be used for detection of the car behind it, measuring the distance of the following vehicle from it, detection of obstacle, and detection of lane. This traffic image sensor can be built into a traffic signal controller because of its compact size. Image sensor offers high sensitivity even in poor light conditions also, this image sensor possesses high speed imaging capabilities which offers better daytime imaging performance

2D segment is expected to hold the largest share in 2026

Despite the numerous benefits of 3D sensor technology for quality traffic monitoring applications, many traffic control authorities continue to rely solely on 2D sensor for quality control processes. While useful in a limited number of scenarios, 2D sensor is limited in its ability to achieve 100% quality control, which is considered a major concern, especially in case of multilane and heavy urban traffic congestions, where near to 100% quality control is a major preference. Due to these reasons, although the 2D sensor will continue to dominate the traffic sensor market.

APAC is attributed to grow at the highest CAGR in traffic sensor market during the forecast period (2021-2026)

The APAC is expected to grow at the highest CAGR in the overall traffic sensor market. The fastest growth of the APAC traffic sensor market is expected to be driven by the increasing number of mega cities and growing population in developed and developing countries.

Traffic Sensor Market by Region

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Key Market Players

Traffic sensor market was dominated by EFKON (Austria), Siemens (US), International Road Dynamics (Canada), Kapsch TrafficCom (Austria), and Q-Free ASA (Norway).

EFKON (Austria),

One of the major companies in the traffic sensor market, EFKON AG, is a subsidiary of STRABAG SE (Austria), which was founded in 1994 and is headquartered in Raaba, Austria. STRABAG SE is one of the leading construction companies in Europe. The company provides civil engineering, building and road construction, project development, tunneling, and other services. The company and its subsidiaries often work on motorways, schools, and power plants.

EFKON AG has a significant focus on all major electronic tolling technologies and also provides customized turnkey solutions. The company is also engaged in financing, design, construction, operation, and maintenance of toll plazas and provides training programs for various personnel, ranging from toll plaza operators to administration managers. In addition, the company provides system integration and consulting engineering services as well as support services for software and hardware systems

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Scope of the Report

:

Report Metric

Details

Market size available for years

2018–2026

Base year

2020

Forecast period

2021–2026

Units

Value USD Million

Segments covered

Sensor Type,  Technology, Application, And Geography

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

The companies covered in the traffic sensor market are EFKON AG (Austria) Kapsch TrafficCom AG (Austria), International Road Dynamics, Inc. (Canada), FLIR Systems, Inc. (US), TE Connectivity Ltd. (Switzerland), SWARCO AG (Austria), Sick AG (Germany), TransCore (US), Axis Communication AB (Sweden), Raytheon Company (US), Q-Free ASA (Norway), Kistler Group (Switzerland), and Siemens (Germany).
The other company profiles included in the scope are Sensys Networks (US), LeddarTech (Canada), Image Sensing Systems (ISS) (US), AGD Systems(UK),  Jenoptik (Germany), Miovision (Canada), Diablo Controls (US),

This report categorizes the traffic sensor market based on By Sensor Type, By Technology, By Application, and by Region.

Traffic sensor Market, By Sensor Type

  • Piezoelectric Sensors
  • Bending Plate Sensors
  • Inductive Loop Sensors
  • Magnetic Sensors
  • Acoustic Sensors
  • Infrared Sensors
  • Image Sensors
  • Radar Sensors
  • Lidar Sensors
  • Thermal Sensors

Traffic sensor Market, By Technology

  • 2D Sensor
  • 3D Sensor
  • RFID
  • GSM
  • Others

Traffic sensor Market, By Application

  • Vehicle Measurement and Profiling
  • Weigh in Motion
  • Traffic Monitoring
  • Automated Tolling (E-Toll)

Geographic Analysis

  • Introduction
  • North America
    • US
    • Canada
    • Mexico
  •  Europe
    • Germany
    • France
    • UK
    • Russia
    • Spain
    • Italy
    • Rest of Europe (RoE)
  • Asia Pacific (APAC)
    • China
    • Japan
    • Australia
    • Rest of APAC (RoAPAC)
  •  Rest of the World (RoW)
    • Middle East & Africa
    • South America

Recent Developments

  • In August 2020, an agreement between EFKON AG and Varanasi Smart City Limited (VSCL), where EFKON India will be solely responsible for helping Varanasi Smart City Limited (VSCL) with the design, development, implementation and maintenance of the implementation of advance surveillance system across Varanasi for a period of at least 5 years following Go-Live was signed.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
          FIGURE 2 TRAFFIC SENSOR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
          FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SALES OF TRAFFIC SENSOR PRODUCTS AND SOLUTIONS
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
          TABLE 1 RISK FACTOR ANALYSIS
    2.6 FORECASTING ASSUMPTIONS
    2.7 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY
          TABLE 2 EVALUATION CRITERIA
           2.7.1 VENDOR INCLUSION CRITERIA
    2.8 STUDY LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 8 TRAFFIC SENSOR MARKET, BY SENSOR TYPE, 2021 VS. 2026
    FIGURE 1 MARKET, BY APPLICATION, 2021 VS. 2026
    FIGURE 2 APAC TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
    3.1 IMPACT ANALYSIS OF COVID-19 ON TRAFFIC SENSOR MARKET
          FIGURE 3 MARKET SIZE IN PRE-COVID-19 AND POST-COVID-19 SCENARIOS
           3.1.1 PRE-COVID-19 SCENARIO
           3.1.2 POST-COVID-19 SCENARIO

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN TRAFFIC SENSOR MARKET
          FIGURE 4 INCREASED FOCUS ON PROMOTING ROAD SAFETY AWARENESS WITH RAPID URBANIZATION AND GROWING POPULATION FUEL MARKET GROWTH
    4.2 MARKET, BY TECHNOLOGY
          FIGURE 5 2D TRAFFIC SENSOR TECHNOLOGY TO HOLD LARGEST MARKET SHARE IN 2021
    4.3 MARKET IN NORTH AMERICA, BY SENSOR TYPE  AND COUNTRY
          FIGURE 6 IMAGE SENSORS AND US TO CAPTURE LARGEST SHARE OF NORTH AMERICAN MARKET IN 2021
    4.4 MARKET, BY SENSOR TYPE
          FIGURE 7 IMAGE SENSORS TO CAPTURE LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    4.5 MARKET, BY KEY COUNTRY
          FIGURE 8 US TO HOLD LARGEST SHARE OF MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 9 TRAFFIC SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    FIGURE 10 IMPACT OF DRIVERS ON TRAFFIC SENSOR MARKET
                    5.2.1.1 Increased focus on promoting road safety awareness with rapid urbanization and growing population
                                FIGURE 11 INCREASE IN GLOBAL TRAFFIC CONGESTION LEVEL WITH GROWING URBAN POPULATION FROM 2015 TO 2020
                    5.2.1.2 Strong focus of governments worldwide on building extensive and efficient transport infrastructure
                    5.2.1.3 Increased investments in building smart cities
                                TABLE 3 TOP 15 SMART CITIES IN WORLD, 2020 VS. 2021
                                TABLE 4 SMART CITY INITIATIVES AND INVESTMENTS
                    5.2.1.4 Urgent need to deploy real-time information systems in transport infrastructure
           5.2.2 RESTRAINTS
                    FIGURE 12 IMPACT OF RESTRAINTS ON TRAFFIC SENSOR MARKET
                    5.2.2.1 High installation cost and indispensable prerequisites of non-intrusive sensors
                    5.2.2.2 Deterioration of road pavements and traffic disruptions during installation and maintenance of traffic sensors
           5.2.3 OPPORTUNITIES
                    FIGURE 13 IMPACT OF OPPORTUNITIES ON THE TRAFFIC SENSOR MARKET
                    5.2.3.1 Growing importance of cycling infrastructure leading to higher adoption of bicycle counting sensors
                                FIGURE 14 PATENTS FOR BICYCLE COUNTER SENSORS BETWEEN 2010 AND 2020
                    5.2.3.2 Increasing focus on integrating ITS with loT and AI technologies
                    5.2.3.3 Rising adoption of electric and autonomous vehicles as new modes of transportation
           5.2.4 CHALLENGES
                    FIGURE 15 IMPACT OF CHALLENGES ON TRAFFIC SENSOR MARKET
                    5.2.4.1 High amount of noise in raw and unfiltered floating cellular data
                    5.2.4.2 Challenges associated with data fusion due to deployment of multiple sensors
    5.3 VALUE CHAIN ANALYSIS
          FIGURE 16 VALUE CHAIN ANALYSIS OF TRAFFIC SENSORS ECOSYSTEM: MANUFACTURING, ASSEMBLY, AND SYSTEM INTEGRATION PHASES CONTRIBUTE MOST VALUE
           5.3.1 PLANNING AND REVISING FUNDS
           5.3.2 RESEARCH AND DEVELOPMENT
           5.3.3 MANUFACTURING AND ASSEMBLY & SYSTEM INTEGRATION
           5.3.4 DISTRIBUTION AND AFTER-SALES SERVICES
    5.4 ECOSYSTEM
          FIGURE 17 TRAFFIC SENSORS ECOSYSTEM
          TABLE 5 LIST OF COMPANIES AND THEIR ROLE IN TRAFFIC SENSORS ECOSYSTEM
    5.5 TRENDS IMPACTING CUSTOMERS’ BUSINESS
          FIGURE 18 REVENUE SHIFT IN TRAFFIC SENSOR MARKET
    5.6 CASE STUDIES
           5.6.1 EFKON IS WORKING WITH VARANASI SMART CITY LIMITED (INDIA) TO DEVELOP VARANASI SMART CITY INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) SOLUTIONS
           5.6.2 SMATS TRAFFIC SOLUTIONS (CANADA) OFFERS REAL-TIME QUEUE MONITORING AND SIGNAL TIMING SOLUTIONS FOR FLORIDA DEPARTMENT OF TRANSPORTATION (FDOT) BY UTILISING VEHICLE-TO-NETWORK (V2N) COMMUNICATION
           5.6.3 AGD SYSTEMS (UK) OFFERS COMBINATION OF PEDESTRIAN DETECTOR SENSORS TO MANAGE TRAFFIC IN NEW SOUTH WALES, AUSTRALIA
           5.6.4 SWARCO (AUSTRIA) COLLABORATED WITH ADG SYSTEMS (UK) TO DEVELOP ADVANCED WARNING SYSTEM FOR SAFETY OF CYCLISTS ON BEDFORDSHIRE'S COUNTRY LANES IN UK
           5.6.5 KAPSCH TRAFFICCOM (AUSTRIA) UPGRADED TOLL COLLECTION EQUIPMENT ON MARYLAND ROADS IN US
    5.7 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
          TABLE 6 TRAFFIC SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF BUYERS
           5.7.4 BARGAINING POWER OF SUPPLIERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 TECHNOLOGY TRENDS
           5.8.1 KEY TECHNOLOGY
                    5.8.1.1 Advent of vehicle-to-everything (V2X) technology owing to its benefits and features
                                TABLE 7 V2X COMMUNICATION TECHNOLOGY
                    5.8.1.2 Rapid development of smart imaging sensors and powerful image processors
                                FIGURE 20 PATENTS FOR TRAFFIC IMAGE SENSORS BETWEEN 2010 AND 2020
           5.8.2 COMPLEMENTARY TECHNOLOGY
                    5.8.2.1 Growing advancement in AI, IoT, and big data analytics
                    5.8.2.2 Edge computing and advent of 5G technology
    5.9 TRADE ANALYSIS
           5.9.1 IMPORT SCENARIO
                    5.9.1.1 Import scenario for traffic sensor market
                                TABLE 8 ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IMPORTS, BY KEY COUNTRY, 2011–2020 (USD MILLION)
                                FIGURE 21 IMPORT DATA FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION)
           5.9.2 EXPORT SCENARIO
                    5.9.2.1 Export scenario for traffic sensor market
                                TABLE 9 ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) EXPORTS, BY KEY COUNTRY, 2011–2020 (USD MILLION)
                                FIGURE 22 EXPORT DATA FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION)
    5.10 PATENT ANALYSIS
           TABLE 10 TOP 10 PATENT OWNERS IN LAST 10 YEARS (2011–2020)
           TABLE 11 PATENTS FILED FOR VARIOUS TYPES OF TRAFFIC SENSORS, 2020
           FIGURE 23 TRAFFIC SENSOR PATENTS GRANTED BETWEEN 2011 AND 2020
           FIGURE 24 TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS,  2011–2020
    5.11 TARIFFS AND REGULATIONS
           5.11.1 TARIFFS
                      TABLE 12 WORLD IMPORT TARIFFS FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (SIMPLE AVERAGE) VIEW DATA SAVE IMAGE SHARE, BY KEY COUNTRY
                    5.11.1.1 Positive impact of tariffs on traffic sensors ecosystem
                    5.11.1.2 Negative impact of tariffs on traffic sensors ecosystem
           5.11.2 REGULATIONS AND STANDARDS
                      FIGURE 25 VARIOUS STANDARDS FOR TRAFFIC SENSORS
                    5.11.2.1 ISO standards
                               5.11.2.1.1 ISO 17386:2010
                               5.11.2.1.2 ISO/TS 15624:2001
                               5.11.2.1.3 ISO/IEC 30128:2014
                               5.11.2.1.4 ISO 15638-21:2018
                    5.11.2.2 Federal Communications Commission (FCC) Regulations
                    5.11.2.3 Regulations for different regions
                                 TABLE 13 REGULATIONS FOR DIFFERENT REGIONS
    5.12 AVERAGE SELLING PRICE
           TABLE 14 AVERAGE SELLING PRICE OF TRAFFIC SENSOR, BY TYPE (USD)
           FIGURE 26 ASP TREND FOR TRAFFIC SENSORS BETWEEN 2018 AND 2026
           FIGURE 27 ASP TREND FOR BENDING PLATE SENSORS FROM 2018 TO 2026

6 TRAFFIC SENSOR MARKET, BY SENSOR TYPE (Page No. - 98)
    6.1 INTRODUCTION
          FIGURE 28 MARKET, BY SENSOR TYPE
          TABLE 15 MARKET, BY SENSOR TYPE, 2018–2020 (MILLION UNITS)
          TABLE 16 MARKET, BY SENSOR TYPE, 2021–2026 (MILLION UNITS)
          FIGURE 29 IMAGE SENSORS TO HOLD LARGEST SIZE OF MARKET IN 2026
          TABLE 17 MARKET, BY SENSOR TYPE, 2018–2020 (USD MILLION)
          TABLE 18 MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION)
    6.2 PIEZOELECTRIC SENSORS
           6.2.1 PIEZOELECTRIC SENSORS ARE USED FOR MEASURING GENERATED ELECTRIC CHARGE OR ANY MECHANICAL DEFORMATION
                    FIGURE 30 PIEZOELECTRIC MARKET, BY SENSOR TYPE
                    TABLE 19 MARKET FOR PIEZOELECTRIC SENSORS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 20 MARKET FOR PIEZOELECTRIC SENSORS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 21 MARKET FOR PIEZOELECTRIC SENSORS, BY TYPE, 2018–2020 (USD MILLION)
                    TABLE 22 MARKET FOR PIEZOELECTRIC SENSORS, BY TYPE, 2021–2026 (USD MILLION)
           6.2.2 CERAMIC
                    6.2.2.1 Ceramic piezoelectric sensors offer fast response and highly accurate operation resonance in real time
           6.2.3 QUARTZ
                    6.2.3.1 Quartz piezoelectric sensors are used to minimize effort needed to install sensors across highways
    6.3 BENDING PLATE SENSORS
           6.3.1 BENDING PLATE SENSORS ARE WIDELY USED IN WIM APPLICATIONS
                    TABLE 23 MARKET FOR BENDING PLATE SENSORS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 24 MARKET FOR BENDING PLATE SENSORS, BY REGION,  2021–2026 (USD MILLION)
    6.4 INDUCTIVE LOOP SENSORS
           6.4.1 INDUCTIVE LOOP SENSORS ARE USED TO DETECT AND COUNT NUMBER OF VEHICLES
                    TABLE 25 MARKET FOR INDUCTIVE LOOP SENSORS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 26 MARKET FOR INDUCTIVE LOOP SENSORS, BY REGION,  2021–2026 (USD MILLION)
    6.5 MAGNETIC SENSORS
           6.5.1 MAGNETIC SENSORS CAN BE USED AS CONTACTLESS DETECTION SENSORS
                    FIGURE 31 GLOBAL MARKET SIZE FOR AUTOMOTIVE MAGNETIC SENSORS, 2017 VS. 2030
                    TABLE 27 MARKET FOR MAGNETIC SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 28 MARKET FOR MAGNETIC SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.6 ACOUSTIC SENSORS
           6.6.1 ACOUSTIC SENSORS ARE HELPFUL IN MEASURING SOUND LEVELS
                    TABLE 29 MARKET FOR ACOUSTIC SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 30 MARKET FOR ACOUSTIC SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.7 INFRARED SENSORS
           6.7.1 INFRARED SENSORS ARE USEFUL IN IDENTIFYING VEHICLES AND ESTIMATING THEIR SPEED
                    TABLE 31 MARKET FOR INFRARED SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 32 MARKET FOR INFRARED SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.8 IMAGE SENSORS
           6.8.1 IMAGE SENSORS ARE USED TO DETECT PARKED AND MOVING VEHICLES
                    TABLE 33 MARKET FOR IMAGE SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 34 MARKET FOR IMAGE SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.9 RADAR SENSORS
           6.9.1 RADAR SENSORS ARE USED TO FIND VELOCITY AND ACCURATE POSITION OF DISTANT OBJECTS
                    TABLE 35 MARKET FOR RADAR SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 36 MARKET FOR RADAR SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.10 LIDAR SENSORS
           6.10.1 LIDAR SENSORS ARE UTILIZED TO ACHIEVE REAL-TIME INFORMATION ABOUT VEHICLE COUNT, TYPE, POSITION, DIRECTION, AND SPEED
                    TABLE 37 MARKET FOR LIDAR SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 38 MARKET FOR LIDAR SENSORS, BY REGION, 2021–2026 (USD MILLION)
    6.11 THERMAL SENSORS
           6.11.1 THERMAL SENSORS ARE USED WHEN THERE IS LACK OF LIGHT TO CAPTURE VEHICLE IMAGES
                    TABLE 39 MARKET FOR THERMAL SENSORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 40 MARKET FOR THERMAL SENSORS, BY REGION, 2021–2026 (USD MILLION)

7 TRAFFIC SENSOR MARKET, BY TECHNOLOGY (Page No. - 116)
    7.1 INTRODUCTION
          FIGURE 32 3D SENSOR TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
          TABLE 41 MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)
          TABLE 42 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    7.2 2D SENSOR
           7.2.1 PROMINENT PRESENCE OF VENDORS, SMALL FORM FACTOR, AND LOW INVESTMENT PROPEL MARKET GROWTH FOR 2D SENSORS
    7.3 3D SENSOR
           7.3.1 3D SENSORS CAN CAPTURE REAL-TIME DATA FOR EASY IDENTIFICATION OF VEHICLES, DATA ACQUISITION, POINT CLOUD CLASSIFICATION, AND 3D VISUALIZATION
    7.4 GLOBAL SYSTEM FOR MOBILE COMMUNICATION (GSM)
           7.4.1 GSM TECHNOLOGY MANAGES TRAFFIC BY COLLECTING LOCATION DATA, SPEED, DIRECTION OF TRAVEL, AND TIME INFORMATION FROM MOBILE PHONES IN MOVING VEHICLES
    7.5 RADIOFREQUENCY IDENTIFICATION (RFID)
           7.5.1 V2X COLLISION DETECTION SYSTEM UTILIZES RFID TECHNOLOGY TO DETECT VEHICLE PRESENCE ON ROAD INTERSECTIONS

8 TRAFFIC SENSOR MARKET, BY APPLICATION (Page No. - 122)
    8.1 INTRODUCTION
          FIGURE 33 MARKET, BY APPLICATION
          FIGURE 34 TRAFFIC MONITORING APPLICATION TO HOLD LARGEST SIZE OF MARKET BETWEEN 2021 AND 2026
          TABLE 43 MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 44 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 VEHICLE MEASUREMENT AND PROFILING
           8.2.1 VEHICLE RECOGNITION, CLASSIFICATION, AND AXLE COUNTING ARE MAJOR APPLICATIONS OF TRAFFIC SENSORS
           8.2.2 VEHICLE PROFILING
                    8.2.2.1 Vehicle profiling can be done through traffic sensors
           8.2.3 AXLE COUNTING
                    8.2.3.1 Axle counter enables error-free detection and counting of vehicle axles in multi-lane roads and free-flowing traffic
                                TABLE 45 MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY REGION, 2018–2020 (USD MILLION)
                                TABLE 46 MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                                TABLE 47 MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
                                TABLE 48 MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
    8.3 WEIGH IN MOTION
           8.3.1 TRAFFIC SENSORS PROVIDE ACCURATE DATA REGARDING GROSS WEIGHTS OF VEHICLES IN MOTION AND INDIVIDUAL AXLE LOADS WITHOUT DISTURBING TRAFFIC FLOW
                    FIGURE 35 MARKET FOR WEIGH IN MOTION APPLICATION IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 49 MARKET FOR WEIGH IN MOTION APPLICATION, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 50 MARKET FOR WEIGH IN MOTION APPLICATION, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 51 MARKET FOR WEIGHT IN MOTION APPLICATION, BY TYPE,  2018–2020 (USD MILLION)
                    TABLE 52 MARKET FOR WEIGHT IN MOTION APPLICATION, BY TYPE,  2021–2026 (USD MILLION)
           8.3.2 WEIGHT ENFORCEMENT
                    8.3.2.1 Weight enforcement application ensures detection of overloaded vehicles in real time
           8.3.3 WEIGHT-BASED TOLL COLLECTION
                    8.3.3.1 Weight-based toll collection systems present option to sanction loading limit violations or deny access to bridges roads
           8.3.4 TRAFFIC DATA COLLECTION
                    8.3.4.1 Traffic data collection systems are used to get continuous, reliable, complete, and accurate traffic and weight-related data
    8.4 TRAFFIC MONITORING
           8.4.1 TRAFFIC MONITORING SYSTEMS ARE INTEGRATED WITH TRAFFIC SENSORS TO MONITOR ON-ROAD TRAFFIC IN REAL TIME
                    FIGURE 36 NORTH AMERICA TO HOLD LARGEST SIZE OF TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION THROUGHOUT FORECAST PERIOD
                    TABLE 53 MARKET FOR TRAFFIC MONITORING APPLICATION, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 54 MARKET FOR TRAFFIC MONITORING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 55 MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE,  2018–2020 (USD MILLION)
                    TABLE 56 MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE,  2021–2026 (USD MILLION)
           8.4.2 VEHICLE COUNTING
                    8.4.2.1 Vehicle counting systems are integrated with traffic sensors for continuous recording of vehicle counts
           8.4.3 BICYCLE COUNTING
                    8.4.3.1 Bicycle counting systems record count of cyclists and pedestrians separately
           8.4.4 VEHICLE MOTION TRACKING
                    8.4.4.1 Vehicle motion tracking systems are integrated with traffic sensors to detect vehicles with higher accuracy
    8.5 AUTOMATED TOLLING (E-TOLL)
           8.5.1 AUTOMATED TOLLING SOLUTIONS ARE DEPLOYED TO COLLECT TOLL FEES AT FASTER RATE
                    TABLE 57 MARKET FOR AUTOMATED TOLLING APPLICATION, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 58 MARKET FOR AUTOMATED TOLLING APPLICATION, BY REGION,  2021–2026 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 135)
    9.1 INTRODUCTION
          FIGURE 37 TRAFFIC SENSOR MARKET IN AUSTRALIA TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
          FIGURE 38 APAC TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
          TABLE 59 MARKET, BY REGION, 2018–2020 (USD MILLION)
          TABLE 60 MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.2 NORTH AMERICA
          FIGURE 39 NORTH AMERICA: SNAPSHOT OF TRAFFIC SENSOR MARKET
          TABLE 61 MARKET IN NORTH AMERICA, BY SENSOR TYPE, 2018–2020 (USD MILLION)
          TABLE 62 MARKET IN NORTH AMERICA, BY SENSOR TYPE, 2021–2026 (USD MILLION)
          TABLE 63 MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 64 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
          TABLE 65 NORTH AMERICA: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 66 NORTH AMERICA: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 67 NORTH AMERICA: MARKET FOR WEIGH IN MOTION APPLICATION,  BY TYPE, 2018–2020 (USD MILLION)
          TABLE 68 NORTH AMERICA: MARKET FOR WEIGH IN MOTION APPLICATION,  BY TYPE, 2021–2026 (USD MILLION)
          TABLE 69 NORTH AMERICA: MARKET FOR TRAFFIC MONITORING APPLICATION,  BY TYPE, 2018–2020 (USD MILLION)
          TABLE 70 NORTH AMERICA: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 71 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 72 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
           9.2.1 US
                    9.2.1.1 US holds first rank in global traffic sensor market at present
           9.2.2 CANADA
                    9.2.2.1 Government initiatives for development of smart cities and managing urban traffic congestion boost market growth in Canada
           9.2.3 MEXICO
                    9.2.3.1 Strong inclination of country toward development and adoption of automated tolling systems to drive market growth in Mexico
    9.3 EUROPE
          FIGURE 40 EUROPE: SNAPSHOT OF TRAFFIC SENSOR MARKET
          TABLE 73 MARKET IN EUROPE, BY SENSOR TYPE, 2018–2020 (USD MILLION)
          TABLE 74 MARKET IN EUROPE, BY SENSOR TYPE, 2021–2026 (USD MILLION)
          TABLE 75 MARKET IN EUROPE, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 76 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
          TABLE 77 EUROPE: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 78 EUROPE: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 79 EUROPE: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 80 EUROPE: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 81 EUROPE: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 82 EUROPE: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 83 MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 84 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Collaboration of German government with companies offering smarter transport solutions stimulate market growth
           9.3.2 UK
                    9.3.2.1 Investments in development and deployment of ITS encourage adoption of traffic sensors in UK
           9.3.3 FRANCE
                    9.3.3.1 Technological advancements in transportation industry for accessing real-time information spur demand for traffic sensors in France
           9.3.4 RUSSIA
                    9.3.4.1 Approval of funds by Russian government for implementation of ITS in country supports market growth
           9.3.5 ITALY
                    9.3.5.1 Research and development activities and initiatives by local authorities to implement smart mobility systems foster market growth in Italy
           9.3.6 SPAIN
                    9.3.6.1 Initiatives of local authorities to implement smart mobility systems fuel market in Spain
           9.3.7 REST OF EUROPE
    9.4 ASIA PACIFIC
          FIGURE 41 ASIA PACIFIC: SNAPSHOT OF TRAFFIC SENSOR MARKET
          TABLE 85 MARKET IN APAC, BY SENSOR TYPE, 2018–2020 (USD MILLION)
          TABLE 86 MARKET IN APAC, BY SENSOR TYPE, 2021–2026 (USD MILLION)
          TABLE 87 MARKET IN APAC, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 88 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
          TABLE 89 APAC: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 90 APAC: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 91 APAC: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE,  2018–2020 (USD MILLION)
          TABLE 92 APAC: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE,  2021–2026 (USD MILLION)
          TABLE 93 APAC: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 94 APAC: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 95 MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
          TABLE 96 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Robust transportation infrastructure, increasing investments in smart city projects, and faster economic development to drive market growth in China
           9.4.2 JAPAN
                    9.4.2.1 High emphasis of Japan on improving road safety and traffic congestion creates lucrative opportunities for traffic sensor market
           9.4.3 AUSTRALIA
                    9.4.3.1 Huge investments in traffic management systems and smart city projects to drive market in Australia
           9.4.4 REST OF APAC
    9.5 ROW
          FIGURE 42 ROW: SNAPSHOT OF TRAFFIC SENSOR MARKET
          TABLE 97 MARKET IN ROW, BY SENSOR TYPE, 2018–2020 (USD MILLION)
          TABLE 98 MARKET IN ROW, BY SENSOR TYPE, 2021–2026 (USD MILLION)
          TABLE 99 MARKET IN ROW, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 100 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
          TABLE 101 ROW: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 102 ROW: MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 103 ROW: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE,  2018–2020 (USD MILLION)
          TABLE 104 ROW: MARKET FOR WEIGH IN MOTION APPLICATION, BY TYPE,  2021–2026 (USD MILLION)
          TABLE 105 ROW: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 106 ROW: MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
          TABLE 107 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 108 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Integration of IoT and GSM technologies in traffic management solutions to fuel need for traffic sensors
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Implementation of sustainable traffic management systems to reduce traffic congestion supports growth of traffic sensor market in MEA

10 COMPETITIVE LANDSCAPE (Page No. - 175)
     10.1 OVERVIEW
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             10.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY ORIGINAL EQUIPMENT MANUFACTURERS OF TRAFFIC SENSORS
     10.3 COMPANY REVENUE ANALYSIS, 2020
             TABLE 109 REVENUE ANALYSIS OF FIVE PLAYERS IN TRAFFIC SENSOR MARKET, 2016–2020 (USD MILLION)
             FIGURE 43 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS, 2016–2020
     10.4 MARKET SHARE ANALYSIS, 2020
             FIGURE 44 SHARES OF MAJOR PLAYERS IN MARKET, 2020
             TABLE 110 MARKET: DEGREE OF COMPETITION
     10.5 RANKING OF KEY PLAYERS IN TRAFFIC SENSOR MARKET
             FIGURE 45 MARKET: RANKING OF KEY PLAYERS, 2020
     10.6 COMPANY EVALUATION QUADRANT
             10.6.1 STAR
             10.6.2 PERVASIVE PLAYER
             10.6.3 EMERGING LEADER
             10.6.4 PARTICIPANT
                       FIGURE 46 TRAFFIC SENSOR MARKET: COMPANY EVALUATION QUADRANT, 2020
     10.7 STARTUP/SME EVALUATION QUADRANT
             10.7.1 PROGRESSIVE COMPANY
             10.7.2 RESPONSIVE COMPANY
             10.7.3 DYNAMIC COMPANY
             10.7.4 STARTING BLOCK
                       FIGURE 47 MARKET: STARTUP/SME EVALUATION QUADRANT, 2020
     10.8 TRAFFIC SENSOR MARKET: COMPANY FOOTPRINT
             TABLE 111 FOOTPRINT OF COMPANIES
             TABLE 112 APPLICATION FOOTPRINT OF COMPANIES
             TABLE 113 TECHNOLOGY FOOTPRINT OF COMPANIES
             TABLE 114 REGIONAL FOOTPRINT OF COMPANIES
     10.9 COMPETITIVE SCENARIO AND TRENDS
             FIGURE 48 MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES AND DEVELOPMENTS, PARTNERSHIPS, COLLABORATIONS, AND ACQUISITIONS WERE MOST COMMONLY ADOPTED STRATEGIES BY MARKET PLAYERS FROM  2017 TO 2021
             10.9.1 RECENT DEVELOPMENT
                        TABLE 115 TRAFFIC SENSOR MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS
             10.9.2 DEALS
                        TABLE 116 TRAFFIC SENSOR MARKET: DEALS

11 COMPANY PROFILES (Page No. - 192)
(Business overview, Products offered, Recent Developments, MNM view)*
     11.1 KEY PLAYERS
             11.1.1 EFKON AG
                        TABLE 117 EFKON AG: BUSINESS OVERVIEW
             11.1.2 KAPSCH TRAFFICCOM AG
                        TABLE 118 KAPSCH TRAFFICCOM AG: BUSINESS OVERVIEW
                        FIGURE 49 KAPSCH TRAFFICCOM AG: COMPANY SNAPSHOT
             11.1.3 TRANSCORE
                        TABLE 119 TRANSCORE: BUSINESS OVERVIEW
             11.1.4 INTERNATIONAL ROAD DYNAMICS INC.
                        TABLE 120 INTERNATIONAL ROAD DYNAMICS INC.: BUSINESS OVERVIEW
             11.1.5 KISTLER GROUP
                        TABLE 121 KISTLER GROUP: BUSINESS OVERVIEW
             11.1.6 FLIR SYSTEMS
                        TABLE 122 FLIR SYSTEMS: BUSINESS OVERVIEW
                        FIGURE 50 FLIR SYSTEMS: COMPANY SNAPSHOT
             11.1.7 TE CONNECTIVITY LTD.
                        TABLE 123 TE CONNECTIVITY LTD.: BUSINESS OVERVIEW
                        FIGURE 51 TE CONNECTIVITY LTD.: COMPANY SNAPSHOT
             11.1.8 SWARCO AG
                        TABLE 124 SWARCO AG: BUSINESS OVERVIEW
             11.1.9 Q-FREE ASA
                        TABLE 125 Q-FREE ASA: BUSINESS OVERVIEW
                        FIGURE 52 Q-FREE ASA: COMPANY SNAPSHOT
             11.1.10 SICK AG
                        TABLE 126 SICK AG: BUSINESS OVERVIEW
                        FIGURE 53 SICK AG: COMPANY SNAPSHOT
             11.1.11 AXIS COMMUNICATIONS AB
                        TABLE 127 AXIS COMMUNICATIONS AB: BUSINESS OVERVIEW
                        FIGURE 54 AXIS COMMUNICATIONS AB: COMPANY SNAPSHOT
             11.1.12 RAYTHEON COMPANY
                        TABLE 128 RAYTHEON COMPANY: BUSINESS OVERVIEW
                        FIGURE 55 RAYTHEON COMPANY: COMPANY SNAPSHOT
             11.1.13 SIEMENS
                        TABLE 129 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 56 SIEMENS: COMPANY SNAPSHOT
     11.2 OTHER KEY PLAYERS
             11.2.1 SENSYS NETWORKS
             11.2.2 LEDDARTECH
             11.2.3 IMAGE SENSING SYSTEMS (ISS)
             11.2.4 AGD SYSTEMS
             11.2.5 JENOPTIK
             11.2.6 MIOVISION
             11.2.7 DIABLO CONTROLS

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 247)
     12.1 POINTS TO BE DISCUSSED:
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORT
     12.5 AUTHOR DETAILS

The study involved 4 major activities in estimating the current size of traffic sensor market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the traffic sensor market begins with capturing the data on revenues of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the technical and commercial study of the traffic sensor market. Secondary sources also include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly done to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to the traffic sensor market. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the ecosystem of the traffic sensor market.

Traffic Sensor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the traffic sensor market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the traffic sensor market on the basis of sensor type,  technology, application, and Geography.
  • To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain and allied industry segments and perform a value chain analysis of the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2
  • To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
  • To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research & development (R&D) in the market
  • To analyze the impact of COVID-19 on the traffic sensor market and provide market estimates for both pre- and post-COVID-19 scenarios

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 5475
Published ON
Dec, 2021
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